greater fool theory

  

Definition

Observation that any price (no matter how unrealistic) can be justified if a buyer believes that there is another buyer who will pay an even-higher price for the same item. This line of thinking causes and fuels stockmarket and commodity market booms and manias which, in due course, lead to busts and paranoias.

Related Videos




http://www.businessdictionary.com/definition/greater-fool-theory.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z